Grayscale Releases a Crypto Fund for MakerDAO’s Governance Token
Asset manager Grayscale has recently announced a new fund that invests in MakerDAO, the governance token of a decentralized lending platform.
The Grayscale MakerDAO Trust is open to eligible individual and institutional accredited investors and follows the same structure as the company’s other single-asset trusts.
This means it is a closed-end fund that does not allow for direct withdrawals, which could lead to discrepancies between the fund’s share price on secondary markets and the value of the underlying asset.
Maker is one of the leading protocols in the decentralized finance (DeFi) market, governed by a community of token holders known as a decentralized autonomous organization (DAO).
MKR holders have the power to vote on proposals and participate in decision-making for the protocol.
